Thursday, 29 July, 2021
Home Business Payments Firm MobiKwik Files For Rs. 1,900 Crore Initial Public Offering

Payments Firm MobiKwik Files For Rs. 1,900 Crore Initial Public Offering

Digital funds agency MobiKwik, backed by Sequoia Capital and Bajaj Finance, filed for an preliminary public providing (IPO) value as much as Rs 1,900 crore with the markets regulator on Monday.

The IPO contains the problem of recent shares value Rs 1,500 crore and a proposal on the market of shares value as much as Rs 400 crore, diluting the stakes of its two founders and present traders, which additionally embody American Categorical, Cisco and Treeline Asia.

MobiKwik has employed ICICI Securities, BNP Paribas, Credit score Suisse, IIFL Securities and Jefferies as ebook managers for the IPO.

One97 Communications Ltd, the guardian of digital funds agency Paytm, Mobikwik’s greater rival, can be planning to lift $2.three billion through an IPO, sources beforehand informed Reuters.

Most Popular

Ayushmann Khurrana on his next with Abhishek Kapoor: It is a beautiful, progressive love story

By: Leisure Desk | New Delhi | Revealed: July 29, 2020 8:43:23 am Ayushmann Khurrana and Abhishek Kapoor movie will launch subsequent 12...

Poll Body Seeks Detailed Report On Kamal Nath's "Item" Remark

Kamal Nath referred to lady minister as an "merchandise", sparking an argument. (File)New Delhi: The Election Fee of India (ECI) has sought an in...

Who is Dhanashree Verma?

By: Leisure Desk | New Delhi | Revealed: August 8, 2020 6:42:23 pm Dhanashree Verma is a YouTuber and dancer by career. (Picture:...
English English हिन्दी हिन्दी ਪੰਜਾਬੀ ਪੰਜਾਬੀ